Insurance for Electricians

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Why do Electricians need insurance?

Fires, injuries from live wires, accidental damage to a customer’s home, tool theft… There are many reasons why protecting your electrician business with business insurance is a bright idea!

When you’re working with clients, suppliers, and on construction sites, there is plenty of potential for things to go wrong. The last thing you need is a client injuring themselves on one of your sites or an expensive piece of your equipment stolen.

Don’t let a potential slip-up in your work or a client with a short fuse short circuit your business. Protect it against liability claims and other unexpected events. With just a few clicks or a single phone call, you can get multiple competitive quotes from leading insurers. Select your preferred policy and get covered instantly, so the only thing you need to worry about is adding a bit of spark to your client’s day.

Did you know?

Public Liability insurance is a mandatory licensing requirement in most states and territories of Australia, usually requiring a minimum cover level of $5 million.

If you work in Queensland, you’ll also be required to hold the Consumer Protection extension with a minimum level of $55,000 of cover to provide protection to consumers for defects in electrical work, non-completion of electrical work and liability resulting in an electrician testing their own work.

What insurance do electricians need to consider?

Let’s look at common types of cover you may need to add to your business insurance toolbox!

Public Liability Insurance*

Public Liability insurance is the most common type of insurance that every responsible electrician should have. It covers legal fees and compensation costs if a customer, member of the public, or a supplier claims against you for injury or damage to their property as a result of your alleged negligent business activity.

Electricians in most states and territories must have minimum levels of Public Liability cover to maintain their electrical license. However, even if it’s not mandatory in your state, it might be worth having.

There’s a lot that can go wrong when you’re working on a construction site or in people’s homes. No matter how good you are at your work, the risk of causing fire, property damage or personal injury is high. Even the smallest of mistakes can have big consequences. For example, the good old ‘putting a foot through the ceiling’ could set you back a couple of grand. It’s times like this when you’ll be glad to have a Public Liability policy!

Professional Indemnity Insurance*

Professional Indemnity (PI) insurance covers electricians for losses claimed by a third party & defence costs due to alleged or actual negligence. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

Your customers, clients, and the contractors you work with may rely on your electrical knowledge and experience. If you accidentally give them bad advice or misspeak while providing a recommendation, you could create big problems.

That’s where your Professional Indemnity policy steps in, helping you manage the cost of claims or lawsuits that come your way.

Business Insurance*

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage).

A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances. In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks.

Your tools and equipment are essential to your livelihood, so what would you do if suddenly you were left without them? Protecting them will ensure you’re not left in the lurch.

Personal Accident and Illness insurance

Personal Accident and Illness insurance can provide cover should you become permanently disabled or pass away as a result of an accident. Cover can also include a weekly benefit for loss of income if you are unable to work as a result of an unexpected injury or illness (even if it occurs outside of your employment).

You rely on your physical ability to get the work done – but have you stopped to think about how you would keep on paying the bills if you were to injure yourself or fall ill and had to take time off work?

Accidents can happen anywhere, anytime. It could be at work or even when you’re out and about enjoying your spare time. Your Personal Accident and Illness policy could help you keep the lights on if you’re injured at work or play.

Why should electricians choose BizCover for their business insurance?

BizCover - Real People

Real people adding real value

Our friendly service team is on hand and on a mission to make you smile!

BizCover - No Jargons

We won’t bore you with jargon

We’re not fans of complicated insurance speak, so we talk to you in plain English.

BizCover - Built for Small Businesses

Built for small business

We know insurance and what makes small businesses tick.

BizCover - Clear and Competitive Pricing

Clear and competitive pricing

You can compare and choose from a range of highly competitive prices right there on your screen.  Seriously.

Frequently Asked Questions

Sole trader electricians may consider several types of insurance for their small businesses. The cover you may need or want depends on your circumstances and how you do business.

The most common cover for electricians is Public Liability insurance. Electricians in most states and territories are required to have this insurance to receive and maintain their electrical license.

Australian electricians often choose other types of cover, such as Professional Indemnity, Business Insurance and Personal Accident and Illness. These policies can help you manage a variety of risks to your business, like negligence claims, damage or loss of your tools, and injuries that leave you unable to work for an extended period of time.

No two electricians are the same. Each has its own unique features and exposures to risks, so it makes that your insurance policy is priced based on your individual factors and circumstances.

The cost of your policy will depend on a variety of things like the type of business, your annual turnover, number of staff, level of cover, claims history and where your business is located.

To receive an accurate idea of how much business insurance will cost for your electrician business have a chat to our friendly team to get a quote.

Yes! Portable Equipment* cover, which can be added to your Business Insurance Pack, covers you for loss and damage to your tools and stock due to theft, fire and other perils listed in the wording. So, if your tools of the trade are lost or damaged, you can replace them without needing to go out of pocket or dip into your business savings.

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*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
†The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizCover.
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